THE IMPACT OF INTERNAL CONTROL ON MINIMIZING FRAUD THE CASE OF SMALL-MEDIUM ENTERPRISES

Abstract

Affiliations face inside and outside forces that require an approach to empower them to continue
being in a healthy financial condition. The affiliations' ability to meet their objectives with
respect to remaining engaged and critical depends on the courses of action and systems similarly
as the sufficiency of procedures developed to shield their exercises. Beginning from the
workplace speculation and buttressed by the probability theory are inside control systems
(internal control systems) which assure ground-breaking organization of benefits despite feasible
and compelling exercises. However, the research implemented the quantitative methodology
throughout distributing a questionnaire over 100 respondents in different SMEs for data
collection, and then the collected data had been analyzed using the SPSS statistical tool for
hypotheses validation.

The results proved that there is a direct relationship between internal control systems and
financial performance.